| * William Rhodes: China set for far-reaching reform * Argentina court approves media law * Batista's talks with OGX creditors fail * Asia mirrors US gains ahead of Fed decision * Car strikes hit S Korean industrial output * Chinese bank profits rise on GDP stimulus * Russia warns Ukraine on gas supplies * WTO rules against China on rare earths * India equities enjoy stunning rebound Markets: up China set for most far-reaching economic reforms in a generation
By William Rhodes. It is likely that the "The Third Plenum of the 18th Chinese Communist Party Congress," which takes place in mid-November, will set the government's economic policy course for the next five to 10 years.
http://on.ft.com/1dMtSJ1 Argentina court approves media law
Clarín, the country's largest media conglomerate, says reforms are a thinly veiled attempt to break up the government's most vocal media opponents
http://on.ft.com/1dnYGNp Batista's talks with OGX creditors fail
The fall from grace of Brazilian tycoon Eike Batista entered its final stages on Tuesday as his oil company OGX edged closer to a bankruptcy that would trigger Latin America's largest ever corporate default.
http://on.ft.com/1coE0Yt Asia mirrors US gains ahead of Fed decision
Asian bourses followed US stocks higher after blue chips led the S&P 500 and the Dow Jones Industrial Average to fresh record highs.
http://on.ft.com/17X8BEY Car strikes hit S Korean industrial output
Disruption at Hyundai and Kia contributed to a fall in industrial production of 2.1% in September highlighting the fragile nature of the country's economic recovery
http://on.ft.com/1dnYGNn Chinese bank profits rise on GDP stimulus
Two of China's big four banks have reported robust third quarter profits after the Beijing government allowed credit to surge so the nation met growth targets.
http://on.ft.com/18BqFnC Russia warns Ukraine on gas supplies
Gazprom warns cash-strapped Kiev it must rapidly pay off $900m overdue bill or face shift to prepayment for future supplies
http://on.ft.com/1dnYGNr WTO rules against China on rare earths
The case, brought by Japan, the US and Europe, came after a rise in tensions between China and Japan in 2010 highlighted China's control of the trade
http://on.ft.com/1dnYGNs India equities enjoy stunning rebound
"Crisis? What crisis?" This seems to be the new motto for Indian markets. Stocks have built on a startling recovery, shrugging off a period of currency freefall and capital flight that had threatened to turn into a full-fledged crisis.
http://on.ft.com/1aGo00M Emerging Markets
MSCI Emerging Market Index up +0.69% at 1,044 Europe
FTSE up +0.46% at 6,806
RTS up +0.58% at 1,500
Warsaw Wig down -0.10% at 54,482
FTSE 300 Eurotop up +0.47% at 1,294 Americas
DJIA up +0.72% at 15,680
S&P 500 up +0.56% at 1,772
Bovespa down -0.97% at 54,539 Asia
Nikkei 225 up +1.23% at 14,502
Topix up +0.92% at 1,205
Hang Seng up +2.00% at 23,304
Shanghai Composite up +1.48% at 2,160
MSCI Asia ex-Japan up +1.10% at 479.27
CNX Nifty up +0.50% at 6,252 Currencies
€/$ 1.38 (1.37)
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Brent Crude (ICE) up +0.45 at 109.46
Light Crude (Nymex) down -1.08 at 97.12
100 Oz Gold (Comex) up +1.30 at 1,347 | 
